13D Fund: Invest Like Carl Icahn and Other Corporate Raiders

Ken Squire's 13D fund has handily beaten the market by mimicking investors such as Icahn and Ackman.

Activist investors such as Carl Icahn and Bill Ackman generate headlines, and big profits, by taking stakes in companies and shaking up management. Individual investors often pile in after them, after the price of the target company has already risen. Is that an effective investment strategy?

Ken Squire believes it can be, in the right situations. The manager of the 13D Activist Investor fund (ticker: DDDAX), Squire and his team hold shares of 38 companies in which he thinks an activist has the greatest odds of success....